Squawk on the Street Microsoft Falls, ADP Jobs Surprise, Treasury Sec. Bessent on Tariffs 12/3/25
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Dec 3, 2025 Microsoft's stock drops after reports of lowered AI sales quotas, shaking up market sentiment. A surprising decline in ADP's private payrolls raises questions for small businesses. The discussion includes Bitcoin soaring past $93K and its influence on related stocks, along with the AI competition among tech giants like Google and Microsoft. Treasury Secretary Scott Bessent shares insights on evolving tariff policies, and Jim Cramer highlights key retail performances amidst mixed consumer signals. It's a rollercoaster of stock market dynamics!
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2000 Echoes In Today's Market
- Jim Cramer warns current market dynamics resemble the dot-com era where hopeful issuances crushed shareholder value.
- He contrasts speculative 'vapor per share' deals with real companies that buy back stock or show durable fundamentals.
Read Insider Buying As A Signal
- Look for management buying meaningful shares as a quality signal before investing.
- Favor companies where insiders demonstrate conviction by purchasing stock in public markets.
Small Business Job Weakness
- ADP reported a surprising private payroll decline driven by small businesses, signaling a potential weakening at the margin.
- Cramer and Quintanilla highlight small firms' struggles to handle rule changes and margin pressure.